website utilities


Follow us:
+1 64 64 8000 31 (New York, USA)
You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.
Weekly forecast New Zealand Dollar / Canadian Dollar technical chart
Symbol NZDCAD

Download MT4 template file

Trade Setup

#NZDCAD
Total Profit: 1480 pip
Closed trade(s): 649 pip Profit
Open trade(s): 831 pip Profit

Trade Setup:
We opened 6 SELL trade(s) @ 0.8958 based on 'DTO 72674' entry method at 2021.04.22.

Closed Profit:
TP1 @ 0.8870 touched at 2021.04.30 with 88 pip Profit.
TP2 @ 0.8755 touched at 2021.05.12 with 203 pip Profit.
TP3 @ 0.8600 touched at 2021.06.18 with 358 pip Profit.
88 + 203 + 358 = 649 pip

Open Profit:
Profit for one trade is 0.8958(open price) - 0.8681(current price) = 277 pip
3 trade(s) still open, therefore total profit for open trade(s) is 277 x 3 = 831 pip

Trading suggestion:

  • We have already opened Sell trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.
  • If the Midterm level 0.89200 is broken, we will close open trades.

DateJuly 31, 2021 - 10:51
Currentrange bound
Forecastresumption of downtrend

Midterm forecast:

  • While the price is below the resistance 0.89200, resumption of downtrend is expected.
  • We make sure when the support at 0.86000 breaks.
  • If the resistance at 0.89200 is broken, the short-term forecast -resumption of downtrend- will be invalid.
  • We will close our open trades, if the Midterm level 0.89200 is broken.

Technical analysis:

  • While the RSI resistance #1 at 67 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 0.8910 on 07/19/2021, so more losses minimum to Major Support (0.8600) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 45.

Take Profits:

  1. 0.8870
  2. 0.8755
  3. 0.8600
  4. 0.8460
  5. 0.8240
Click on the level to view price action history.